Berkshire Hathaway, the holding company he took over in 1970, has just under $100 billion in cash on its hands as of the end of the second quarter, Bloomberg reports .

While it shows the immense success of the businesses Berkshire has acquired over the years, that fortune could be working much harder for the company: It could double or triple in value if invested well .

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According to Bloomberg, Buffett "addressed the mounting cash pile at Berkshire's annual meeting in May, saying he hadn't put his 'foot to the floor' on an acquisition for a while and shouldn't keep so much money earning next to nothing for long periods."

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Berkshire Hathaway has a record $100 billion cash on hand, but it won't be ...Omaha World-Herald